ECB official sees digital euro as key to protecting EU ‘sovereignty’
AI summary
European Central Bank official Piero Cipollone said the digital euro project is on track to test real transactions in 2027 and could launch as early as 2029, contingent on legislation passing this year. He framed the CBDC as a way to protect EU sovereignty. For crypto traders, a state-backed digital euro could reshape payments and stablecoin competition in Europe, though the timeline is long and legislative approval remains uncertain.
